Has Barack Obama’s ISIS Started the Destruction of Europe?

Is Islamic refugee immigration bringing about the eventual destruction of Europe as we know it? If you have a problem with my calling them “Barack Obama’s ISIS,” you need to do some basic research. We have addressed the issue many times on this blog (here is one of my own brief contributions that is probably the most recent). Up until today, I had thought of President Obama’s actions in the Middle East (and President Bush’s before him) as a disaster for the peoples of the Middle East, Read more […]

Barack Obama Thinks U.K. Vote on European Union Membership Is his Business

The upcoming U.K. vote will decide if the nation remains in the E.U. and Obama is giving them advice. Just like when Scotland was voting on whether to stay in the United Kingdom, Barack Obama cannot resist telling people in another country how they should vote. Anyone looking at what is going on in Greece right now, and what will soon happen with other countries in the European Union, can easily see why every country that can should flee from the union. Germany can’t do so because their wealth Read more […]

Before the Greek Debt Crisis Did Audiences Love the Movie “300”?

Does the Greek debt crisis show us how “bread and circuses” is still as accurate a description of how empires pacify the masses as ever? You remember the movie, “300,” right? It was an R-rated action movie celebrating a historic victory of 300 Spartans over the Persians. It was pretty gruesomely violent, so I’m not recommending it. A thought occurred to me yesterday as I read this NPR story: I’ll bet “300” was a popular movie in Greece. Even if not always as completely subsidized, Read more […]

The IMF Has Arranged Financial Doom for the EU

The financial doom will be when every insolvent nation demands the same bailouts that Greece is getting, even though they are too big to bail. “Tyler Durden” at Zero Hedge asks, “Did The IMF Just Open Pandora’s Box?” By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by private entities such as Read more […]

Greek Debt Implosion Starting to Ripple Outward

The Greek debt crisis is affecting global markets; things are just getting started. It seems like the event that Bob Allen has often warned us about is finally beginning. The New York Times reported yesterday, “Greece’s Debt Crisis Sends Stocks Falling Around the Globe.” Global markets shuddered on Monday after Greece closed its banks amid fears that the country was headed toward default. Stocks slumped on Wall Street, after markets in Europe were buffeted by worries that the Greek debt Read more […]

Greece Leaving Should Surprise No One

With the possibility of Greece leaving the West finally being acknowledged, we ought to also acknowledge that it was predictable. Here is a headline from the Financial Times: “Washington fears losing Greece to Moscow.” Throughout the prolonged showdown between Greece and its creditors, the Obama administration has largely sat on the sidelines, issuing the occasional warning about the potential economic impact of a default. But with Greece now on the verge of bankruptcy, the US is also beginning Read more […]

Politicians and Voters Both Live in Make-Believe World

Pope Francis has become a propagandist for the make-believe world of the EU and the US ruling regime. Here is a rousing commentary on the foolishness of both Pope Francis and the Eurocrats: “The Pope joins the EU in a sad world of make-believe.” What has a Papal Encyclical calling on the world to end its use of fossil fuels and to pray to God for the success of the global “climate summit” in December got in common with the Greek euro crisis, the ominous rift between the West and Russia, Read more […]

An Open Letter to the Greek Prime Minister

The Greek Prime Minister thinks Russia might be able to save them from the EU and their debt. From the Guardian: “Greek prime minister reaches out to Vladimir Putin for help in financial crisis.” Alexis Tsipras, the Greek prime minister, has made a broad overture to Russia as he seeks a way out of his country’s debt and currency impasse, telling Vladimir Putin that Greece wants new partners to help it out of the crisis. In a speech delivered in front of Putin in Russia, Tsipras said Read more […]

EU Regulators Tightening Noose on Depositors

EU regulators are getting ready to shaft people to keep banks afloat. Do you have any firm idea how safe your bank is? Are you specifically aware of their exposure to derivatives-risk based on interest rates, and bets on European banks, companies, and debt? Are you aware banks invest your deposits in such risky ventures in order to profit from your cash? Yep, it’s in the fine-print virtually none of us reads when we open an account, hidden behind obscure words like “rehypothecation.” From Reuters: Read more […]

Are We about to Enter Interesting Times?

I was thinking we could make it to 2017-2020 before experiencing Interesting Times. But now I wonder… The endgame for Greece in the Euro has arrived. Russia and perhaps even China are rumored to be ready to swoop in, providing support in return for Russian military bases. The Federal Reserve is insolvent—leveraged more than double what Lehman Brothers was a few years ago when its collapse nearly acted as a Black Hole to the entire world economic system. An American amphibious assault Read more […]

Immigrant Populations of Violent Muslims?

What kind of immigrant populations can the West successfully assimilate? A BBC report illustrates the kind of problems that Europe and the United States are facing with the prospects of mass immigration. I don’t think this story, by itself, can prove anything about what immigration policy should be, but I do think that it demonstrates why we need to think about these issues. It also demonstrates that a knee-jerk political correctness could have deadly consequences. A culture where it is easy Read more […]

Greece Getting Ready to Dump the Euro

It looks like Greece may dump the Euro and re-institute the Drachma! I just wrote about Greece, but here is another important story from the Telegraph: “Greece draws up drachma plans, prepares to miss IMF payment.” Greece is drawing up drastic plans to nationalise the country’s banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands. Sources close to the ruling Syriza party said the government is Read more […]